Stock-Based Compensation (Tables)

6 Months Ended

Oct. 24, 2015

Stock-Based Compensation

Summary of total stock-based compensation expense

	Quarter Ended				Six Months Ended
(Unaudited, amounts in thousands)	10/24/15		10/25/14		10/24/15		10/25/14
Equity-based awards expense	$	2,111	$	2,037	$	5,123	$	5,047
Liability-based awards expense	1,507		821		1,068		373
Total stock-based compensation expense	$	3,618	$	2,858	$	6,191	$	5,420

Fair value assumptions for stock options

(Unaudited)	7/25/15
Risk-free interest rate	1.54		%
Dividend rate	1.20		%
Expected life in years	5.0
Stock price volatility	44.37		%
Fair value per share	$	9.69

Fair value assumptions for SARs

(Unaudited)	Fiscal 2014 grant			Fiscal 2013 grant
Risk-free interest rate	1.01		%	0.71		%
Dividend rate	1.12		%	1.12		%
Expected life in years	2.65			1.73
Stock price volatility	29.01		%	27.71		%
Fair value per share	$	10.28		$	16.15